OCCI: Reaping Benefits From Improving CLO Conditions [Seeking Alpha]
OFS Credit Company, Inc. - Closed End Fund (OCCI)
Company Research
Source: Seeking Alpha
3.31K Follower s Follow Summary OCCI offers a high dividend yield of 18.6%, making it appealing for income investors despite its 60.7% price decline since inception. The fund's portfolio focuses on CLO equity and debt, benefiting from interest rate cuts but sensitive to rate hikes. OCCI's distribution is well-covered by net investment income, ensuring stability and potential growth through reinvestment and a 5% DRIP discount. Anticipated interest rate cuts could enhance OCCI's asset quality and price, making it a buy despite current risks associated with high default rates. Paper Boat Creative/DigitalVision via Getty Images Overview Closed end funds remains one of the best places to collect a higher yield in today's market. The unfortunate part of closed end funds is that they get a bad reputation because of their scary looking price charts over time. OFS Credit Company ( NASDAQ: OCCI ) operates as a closed end fund that shares a similar type of chart that tend to s
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OCCI
News
- OFS Credit Company, Inc. Prices Preferred Stock OfferingBusiness Wire
- OFS Credit Company, Inc. Commences Preferred Stock Offering [Yahoo! Finance]Yahoo! Finance
- OFS Credit Company, Inc. Commences Preferred Stock OfferingBusiness Wire
- OFS Credit Company Provides August 2024 Net Asset Value UpdateBusiness Wire
- OFS Credit Company Announces Financial Results for the Third Fiscal Quarter 2024Business Wire
OCCI
Sec Filings
- 9/25/24 - Form 4
- 9/25/24 - Form 424B2
- 9/25/24 - Form 497AD
- OCCI's page on the SEC website